Design (2)With numerous nomenclatures for a post-graduation in Management all over the country, things often become incomprehensible for an aspirant. MBA, PGDM, PGDBM, PGPM, PGDIM, MMS… the list goes on and on. Over a period of time some myths have been repeated so often that they have ended up as gospel truth. First things first, are MBAs or MMSs recognised Masters degree programmes, while PGDM and other programmes simply diplomas?

“There is no difference between the two, in terms of validity or certification,” clarifies Dr. Gopal Iyengar, Director, Kirloskar Institute of Advanced Management Studies. KIAMS is one of the foremost B-schools in the country, mentored by one of India’s foremost corporate conglomerates – the Kirloskar Group. “The difference essentially has been created by AICTE so that the source of the certification is known. While universities give MBA degrees, AICTE recognised independent institutes confer a PGDM. Independent AICTE recognized institutes like KIAMS, give you a PGDM, while Delhi University or Mumbai University confer MBAs on their students.”

Is there by any chance a disparity in employability? According to Dr. Iyengar, the employability quotient is not dependent on the PGDM/ MBA status. Instead, factors like the brand, credibility and pedagogical excellence of the institution are the deciding factors. How about for higher studies, like those wanting to do a Doctorate and Post Doctorate? We have all heard that a PGDM is not recognised as a Masters programme by universities.

Dr. Iyengar insists that students who do a PGDM from a renowned B-school are much better off than those getting an MBA from a university.

“On an average, the university MBA lags behind non-university management (PGDM) education in terms of adapting and adopting. In progressive B-schools like KIAMS we can see pedagogies, processes and content continuously evolving in step with industry requirements. The tremendous potential of the internet in providing data and information on one’s fingertips, as well as in facilitating professional networking, is also much better harnessed by the top-notch B-schools as compared to universities. The system is closely moving to education in a partnership mode, which includes the institute, industry and the student. As we have had industry acceptance globally for 15 years, surely we must be doing it right!”

Dr. Iyengar points out that a good B-school which employs proper methods, processes and structure actually puts all its cards on the table. So, aspirants must not overlook any information – or lack of it – before taking a decision.

“You will find the audited placement records of KIAMS available in the public domain with the Indian Placement Reporting Standards (IPRS). Please visit http://www.iimahd.ernet.in/iprs/ for details of 2011-12. Good B-schools attract better summer internship offers. Of course, we have the advantage of having a mammoth industry partner of the stature of the Kirloskar Group, which ensures that embedded in the delivery are practical assignments and a wealth of internal, exhaustive case studies.”

Dr. Gopal Iyengar believes that clearly, any premier management institute, seeks to be well endowed in the four resources – people, processes and systems, technologies and relationships – the best bet to deliver quality management education. These are the exact parameters which industry looks for and on which aspirants would do well to assess their options. Then the debate of MBA vs PGDM fades into insignificance.